Richard Yong arrested in HK
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BANKRUPT former National Kidney Foundation (NKF) chairman Richard Yong has been arrested in Hong Kong for fleeing the country illegally and failing to hand over assets.
The Subordinate Courts had issued a warrant for his arrest, and Yong was declared a wanted man on June 13.
The charges: Fleeing the country illegally on May 17 and failing to hand over assets as required by the Bankruptcy Act.
Yong's departure came in the wake of revelations on May 9 that he had sold three apartments for $7.5 million shortly after losing a suit the NKF had filed against him, ex-board members Loo Say San and Matilda Chua, as well as former chief T.T. Durai.
The charity's lawyers on May 11 obtained a Mareva Injunction - requiring Yong to give details of his assets, and to prevent him from disposing of them.
http://www.straitstimes.com/Latest%2BNews/Courts%2Band%2BCrime/STIStory_135808.html -
chey. the durian in the ned pay 4 milion nia.
wad is 4 milion to him? Peanuts -
payback time
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the long arm of the law prevails.
but for every one richard yong, there are many who flee with people's goodwill money -
HAHAHAHAHAHAHAHAHAHAHA!!!!!!!!!!!!!!!!!!!!!!!!
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pwned
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Pwnt
He chose a country with extradition treaty with Singapore -_- How dumb can he get?
Probably he was enjoying with his wife at his room and the police came to say
"Hi,Time to get your pants up and going" -
this is what we call "Heaven Have Eyes" .... -
just like a drama. bad guys finally get caught. tian wang hui hui, shu e bu lou
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Maybe he's not so clever after all. -
if he was clever, he'd have beaten the crap out of Durai when Durai wanted to go sue the ST fellas
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he shld have gone to china and hide in the mountains or something.
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then who pay his bail bond??? how much was it?
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He has just booked his permanent residence in Hell!
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send him to jail
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I wonder who bought his apartments, given the fact that Yong's precarious financial and legal status was public knowledge. Can the NKF regain these assets?
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i thought they put out a Mareva Injunction on him?
how did he move his assets? -
yay
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That was after he run road I believe. Anyway...he jail for how long? 3mths ah like Durai? I think the 4 of them...should have their kidneys removed and transplanted to the patients.Originally posted by the Bear:i thought they put out a Mareva Injunction on him?
how did he move his assets? -
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while not easy, there are places where you can park money...i know a few places myself...Originally posted by the Bear:i thought they put out a Mareva Injunction on him?
how did he move his assets? -
It was issued 1 day before he emptied his asset if I've remembered correctly.Originally posted by the Bear:i thought they put out a Mareva Injunction on him?
how did he move his assets? -
Somehow, he's perhaps a 1st Class Nut to choose to flee to a country with Extradition Agreement with Singapore. Well, now that he's back. We shall see how much assets and funds will be squeezed out of him. His words now cannot be taken for it, I believe.
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so they caught Richard Yong - what about that rouge lawyer that abscounded with millons of client dollars?
And stupid Yong, of all places he dun hide, he go hide in HK, I think he was trying to go further but could not because of the worldwide warrant out for him.
or perhaps he is trying to draw his cash before running further - no one in his right mind will run to Hong Kong if you are running from law. hide in Malaysia or Thailand better than hiding in Hong Kong. -
He's a goner.
Cheers.
CK